Income Tax Law & Practice II - Capital Gains

Where total block of depreciable assets is transferred after 36 months, there will

• A) Short term capital gains or loss

• B) Short term capital gains

• C) Long term capital gains

• D) None of the above

Capital assets includes

• A) Deposit bonds

• B) Stock in trade

• C) Shares

• D) None of the above

Indexation will be allowed in case of

• A) LTCG

• B) STCG

• C) Both

• D) None of this

How many types of capital gains are there

• A) 3

• B) 2

• C) 4

• D) None of the above

Indexation will be done

• A) Shares

• B) Debenture

• C) Other security

• D) All of the above

Cost inflation index before 31st march, 2001…..

• A) 150

• B) 200

• C) 100

• D) All of the above